Gold forecast

Comex Gold ( xauusd ) price trading at 1266$ . Last night xauusd tested above 1272$ but could not sustain on higher levels . A good support on daily technical chart stands at 1258$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xauusd prices upto 1250$ – 1242$ today .

A good resistance on daily technical chart stands at 1275$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some rise in xauusd prices upto 1282$ – 1291$ today .

Gold forecast conclusion : Comex xauusd trend is flat for now .

Silver forecast

Comex Silver ( xagusd ) price trading at 17.27$ . It tested near 17.40$ last night but could not sustain on those levels . Xagusd prices are running in pressure . A good base level on daily technical chart stands at 17.15$ . If traders breaks this major base and manage to sustain trade below our support today . Then expect more pressure in xagusd prices upto 16.90$ – 16.70$ today .

A good hurdle on daily technical chart stands at 17.55$ . If traders breaks this major hurdle and manage to sustain trade above our resistance today . Then expect some firepower in xagusd prices upto 17.80$ – 17.99$ today .

Silver forecast conclusion : Comex xagusd trend is flat for now .

Read our yesterday’s forecast and levels here

More will update to our trading signals subscribers .

By marafat

2 thought on “Gold forecast daily update 01st June 2017”

Comments are closed.